This is John Batchelor speaking with my colleague Elizabeth Peek of the Fox News and of the Hill

about the deficit and what is to be done. The deficit weighs on the debt that the US has right now servicing that debt will eventually

eat up all the parts of the economy that are on autopilot.

I'm talking about the transfer payments, Social Security, Medicare,

all of it will be eaten up by the debt as it grows. However, what is to be done? You begin now

by Congress cutting back on spending by the White House cutting back

on spending the trillions that were spent these last years under the pandemic

and afterwards has contributed to the inflation that bothers all of us.

So stop spending now Congress recommends Liz and here she is to explain it.

Yeah, unfortunately, you know, the deficit continues to go up.

I mean, it's kind of amazing to me what should have been a big bulge in spending to take care of the pandemic.

Remember, remember, as astonishing I keep going back to this, we spent more fighting COVID about a six month downturn than we spent inflation

adjusted fighting World War II for four years.

I mean, I just putting in, you know when you start talking trillions

people I really can't get their minds around it I can't get my mind around a

number that big but that was the impact it was gigantic and unfortunately

Biden has kept those printing presses going, and that is really not a good thing.

Thankfully, the rate of increase in the spending has slowed,

but Congress at some point, presumably post-election, is going to have to step

into this.

And frankly, if it takes a government shutdown and a 1% across the board cut in spending, I would not find that a really horrible outcome.

It has to start somewhere.

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